PENN TRAFFIC'S 3RD-QUARTER SAME-STORE SALES DECLINE

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week the accelerated closing of 11 Harts general merchandise stores in Ohio had a negative effect on sales for the third quarter ended Oct. 28. Although overall sales for the 13-week quarter were up 2% to approximately $845 million, the company said same-store sales declined 3.9% -- almost 1% more than the 3% decline most investors had anticipated,

SYRACUSE, N.Y. -- Penn Traffic Co. here said last week the accelerated closing of 11 Harts general merchandise stores in Ohio had a negative effect on sales for the third quarter ended Oct. 28. Although overall sales for the 13-week quarter were up 2% to approximately $845 million, the company said same-store sales declined 3.9% -- almost 1% more than the 3% decline most investors had anticipated, observers told SN. For the 39-week period, the 267-store operator said sales rose 4.7% to ...

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